Ivanhoe Mines (TSE:IVN) Director Sells C$59,540.00 in Stock

Ivanhoe Mines Ltd. (TSE:IVN) Director Setha Patricia Makhesha sold 5,200 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of C$11.45, for a total transaction of C$59,540.00. Following the completion of the sale, the director directly owned 77,922 shares of the company’s stock, valued at approximately C$892,206.90. This trade represents a 6.26% decrease in their position.

Setha Patricia Makhesha also recently made the following trade(s):

• On Thursday, May 21st, Setha Patricia Makhesha sold 3,900 shares of Ivanhoe Mines stock. The stock was sold at an average price of C$11.46, for a total transaction of C$44,694.00.
• On Thursday, May 21st, Setha Patricia Makhesha sold 300 shares of Ivanhoe Mines stock. The shares were sold at an average price of C$11.46, for a total transaction of C$3,438.00.
• On Thursday, May 21st, Setha Patricia Makhesha sold 600 shares of Ivanhoe Mines stock. The shares were sold at an average price of C$11.47, for a total value of C$6,882.00.

Ivanhoe Mines Trading Up 2.0%

Ivanhoe Mines stock traded up C$0.23 during mid-day trading on Friday, hitting C$11.60. The company’s stock had a trading volume of 1,222,382 shares, compared to its average volume of 4,816,603. The stock’s fifty day moving average is C$11.63 and its two-hundred day moving average is C$13.91. The company has a current ratio of 2.33, a quick ratio of 20.86 and a debt-to-equity ratio of 21.02. The firm has a market capitalization of C$16.54 billion, a PE ratio of 128.89 and a beta of 1.76. Ivanhoe Mines Ltd. has a 1 year low of C$8.76 and a 1 year high of C$20.34.

Ivanhoe Mines (TSE:IVN) last posted its earnings results on Wednesday, February 18th. The company reported C$0.06 EPS for the quarter. The company had revenue of C$183.99 million for the quarter. Ivanhoe Mines had a return on equity of 2.32% and a net margin of 25.05%. On average, analysts anticipate that Ivanhoe Mines Ltd. will post 1.0136483 EPS for the current year.

Analysts Set New Price Targets

IVN has been the topic of a number of recent analyst reports. Royal Bank Of Canada cut shares of Ivanhoe Mines from a “moderate buy” rating to a “hold” rating in a research report on Monday, April 6th. Raymond James Financial downgraded shares of Ivanhoe Mines from a “moderate buy” rating to a “hold” rating and reduced their price target for the company from C$23.00 to C$17.00 in a research note on Wednesday, April 1st. Scotiabank lowered shares of Ivanhoe Mines from an “outperform” rating to a “hold” rating and decreased their price objective for the stock from C$19.00 to C$14.50 in a report on Wednesday, April 1st. BMO Capital Markets dropped their target price on shares of Ivanhoe Mines from C$23.00 to C$16.00 in a report on Wednesday, April 1st. Finally, Stifel Nicolaus cut their target price on Ivanhoe Mines from C$22.00 to C$15.00 in a research report on Wednesday, April 1st. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$14.60.

Ivanhoe Mines Company Profile

Ivanhoe Mines Ltd is a mineral exploration and development company. The company, together with its subsidiaries, explores, develops, and recovers minerals and precious gems from its property interests located in Africa. The group explores platinum, nickel, copper, gold, silver, cobalt, iron, vanadium, and chrome. It operates in four segments: Platreef property, Kamoa Holding joint venture, Kipushi properties, and the Company’s treasury offices.